LCA
- Landcadia Holdings IV, Inc.
()
Overview
Company Summary
Landcadia Holdings IV, Inc. (LCA) is a special purpose acquisition company (SPAC) that operates with the objective of merging with or acquiring a privately-held business. SPACs are formed with the sole purpose of raising funds through an initial public offering (IPO) to acquire and merge with an existing operating business, thereby taking it public.
LCA was formed by Tilman J. Fertitta, a well-known American businessman and owner of various hospitality and entertainment businesses. The company is sponsored by Landcadia Holdings Sponsor LLC, which is a subsidiary of Fertitta Entertainment, Inc.
As a SPAC, LCA primarily focuses on identifying potential target companies within specific industries such as leisure, hospitality, gaming, and entertainment. Once LCA identifies a suitable target, it undergoes a merger or acquisition process, resulting in the target company becoming a publicly traded entity.
The funds initially raised through LCA's IPO are held in a trust account until a suitable target is identified. Once the merger or acquisition is completed, the target company receives the funds from the trust account, which provides the necessary capital to support its growth plans and potential expansion. This process allows the target company to gain access to public markets without the need for a traditional IPO.
LCA aims to leverage its industry expertise, network, and financial resources to identify attractive investment opportunities and execute successful mergers within its targeted sectors. Through this process, LCA provides a platform that enables private companies to access the public market and potential investors to participate in the growth of these companies.